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Benefits and expenses — articles

Features and articles from ICAEW on taxation related to employee benefits and expenses within the UK tax regime.
Displaying 1-30 of 31 results
Exclusive TAX FACULTY Hardman Lecture shines tax regulation spotlight on shadow advisers
  • Dec 2024
  • ICAEW
  • Taxline
Government efforts to regulate the tax profession will only work if action is taken to target those advisers who don’t interact with HMRC – and don’t want to, says Ray McCann.
Exclusive TAX FACULTY An introduction to employee ownership trusts
  • Dec 2024
  • Nick Wright
  • Taxline
The sale of a company to an employee ownership trust (EOT) is becoming more popular. In the first of two articles on EOTs, Nick Wright explains why this may be the case and how an EOT could be used.
Exclusive TAX FACULTY The tax benefits of employee ownership trusts
  • Dec 2024
  • Nick Wright
  • Taxline
In the second of two articles on employee ownership trusts (EOTs), Nick Wright explores the capital gains tax exemption for the shareholders of the trading company and the income tax exemption for employees receiving bonuses.
INSIGHTS VIEWPOINT Tax return fix for student loan deductions
  • Sep 2024
  • ICAEW Insights
Taxpayers who make student loan repayments and whose income includes payrolled benefits in kind (BIK) should follow HMRC’s guidance when completing their self assessment (SA) tax return, warns ICAEW.
INSIGHTS VIEWPOINT Tax news in brief 19 June 2024
  • Jun 2024
  • ICAEW Insights
Highlights from the broader tax news for the week ending 19 June 2024, including: a malware warning from HMRC; help from HMRC with submitting forms P11D and P11D(b); and developments in international tax.
Exclusive TAX FACULTY How to prepare for mandatory payrolling of benefits in kind
  • Jun 2024
  • Michael Nicolaides and Kym Wise
  • Taxline
HMRC has announced that employers must payroll benefits in kind from April 2026. In this article, Michael Nicolaides and Kym Wise consider what we do and do not know about HMRC’s plans, and how employers can begin to prepare for the changes.
INSIGHTS VIEWPOINT Agents can register to payroll client’s benefits-in-kind
  • May 2024
  • ICAEW Insights
It is now possible for agents to register with HMRC for benefits-in-kind (BIK) to be taxed through their client's payroll for 2025/26 onwards.
Exclusive TAX FACULTY Ways to tackle tax threshold unfairness
  • Apr 2024
  • Patricia Mock and Sally Campbell
  • Taxline
Patricia Mock and Sally Campbell, co-authors with Bill Dodwell of a recent Tax Law Review Committee discussion paper, consider a range of principles to help inform future tax policy.
FACULTIES ONLINE TAX FACULTY TAX NEWS Long term approach required for occupational health policy
  • Oct 2023
  • ICAEW
When devising healthcare policy, the government needs to take a holistic approach. This includes considering the trade-off between the cost of tax reliefs now with the reduction in spending in the future on healthcare and health-related social security benefits.
Exclusive TAX FACULTY Is it time for employers to start payrolling benefits and expenses?
  • Aug 2023
  • Peter Bickley
  • Taxline
Peter Bickley shares his thoughts on the advantages and considerations when payrolling benefits.
FACULTIES ONLINE TAX FACULTY TAX NEWS Have your say: HMRC consultation on employee ownership trusts and employee benefit trusts
  • Aug 2023
  • ICAEW
Reforms to the tax treatment of EOTs and EBTs proposed in the paper are intended to focus the rules more effectively on the policy objectives of rewarding employees and encouraging more employee engagement. Another objective is to prevent tax advantages being obtained through the use of these trusts outside their intended purposes.
FACULTIES ONLINE TAX FACULTY TAX NEWS Legislation Day 2023: R&D, pensions and some unexpected announcements
  • Jul 2023
  • ICAEW
While a lot of the material published on 18 July was expected, there were some surprise announcements including planned administrative changes to the high income child benefit charge.
Exclusive TAX FACULTY Incentivising green travel in a hybrid working world
  • Jun 2023
  • Steve Wade, Dalbir Kathuria
  • Taxline
Steve Wade and Dalbir Kathuria explore some of the challenges alongside the opportunities for incentivising green travel in a hybrid working world.
Tax news in brief 12 April 2023
  • Apr 2023
Highlights from the broader tax news for the week ending 12 April 2023, including: pension lump sums; HMRC’s Digital Disclosure Service; digital services tax; partnerships holding UK residential property; till system disclosures; and disguised remuneration instalment arrangements.
FACULTIES ONLINE TAX FACULTY TAX NEWS P11Ds and P11D(b)s must be submitted only online from 6 April 2023
  • Mar 2023
  • ICAEW
Employers (except for the digitally excluded) will be required to submit and amend forms P11D and P11D(b) online only. Paper original and amendment forms P11D and P11D(b) will be rejected.
FACULTIES ONLINE TAX FACULTY TAX NEWS Revamp form P11D and surrounding processes, says ICAEW
  • Jan 2023
  • ICAEW
ICAEW’s Tax Faculty has called on HMRC to improve form P11D, used to report benefits in kind, to simplify administration for HMRC, employers and employees.
FACULTIES ONLINE TAX FACULTY TAX NEWS HMRC issues disguised remuneration loan charge discovery assessments
  • Nov 2022
  • ICAEW
ICAEW recommends that taxpayers seek independent advice if they receive an assessment as part of this HMRC campaign.
TAX FACULTY FACULTIES ONLINE OTS review of hybrid and distance working
  • Oct 2022
  • Lindsey Wicks
  • Taxline
Lindsey Wicks highlights some of the issues likely to be raised as part of the OTS review, including the workplace test, transfer of assets charges, household expenses, cycle-to-work schemes and remote working overseas.
Exclusive CORPORATE FINANCE FACULTY Enterprise Management Incentives
  • Jun 2022
  • ICAEW Corporate Finance Faculty
Despite tax breaks and the possibility of decent returns, pricing problems and lack of information means the EMI share option scheme is not easy to assess, says John Moulton.
FACULTIES ONLINE TAX FACULTY TAX NEWS How to improve PAYE and benefit-in-kind processes
  • May 2022
  • ICAEW
ICAEW’s Tax Faculty sets out its recommendations in response to the Office of Tax Simplification’s PAYE evaluation report to help ensure that employee tax and NIC calculations are right first time.
FACULTIES ONLINE TAX FACULTY TAX NEWS HMRC highlights financial support
  • Apr 2022
  • ICAEW
HMRC has published a list of reliefs, allowances, and other support which it administers that may help individuals with their finances.
FACULTIES ONLINE TAX FACULTY TAX NEWS Tax-free childcare take up remains low despite considerable savings
  • Feb 2022
  • ICAEW
HMRC estimates that less than 22% of families eligible for the scheme had joined in March 2021. ICAEW’s Tax Faculty explains the choices for working families.
TAX FACULTY FACULTIES ONLINE The tax-efficient benefits of electric company cars
  • Jan 2022
  • Sam Inkersole
  • Taxline
Sam Inkersole explains how electric company cars offer a favourable benefit in kind for employers and employees alike.
PRACTICE DEPARTMENT Increase in founders and owners choosing employee ownership as a succession option
  • Oct 2021
  • Employee Ownership Trust
The employee ownership sector recorded a record 30% increase in the number of business transitions to employee ownership during the pandemic, as the Employee Ownership Trust explains.
FACULTIES ONLINE TAX FACULTY TAX NEWS Deadline nears for claims under disguised remuneration repayment scheme
  • Sep 2021
ICAEW’s Tax Faculty reminds agents and taxpayers that applications to reclaim tax under the disguised remuneration repayment scheme must be completed and received by HMRC by 30 September 2021.
FACULTIES ONLINE TAX FACULTY TAX NEWS Get to grips with changes to NMW and benefit easements
  • May 2021
Employment tax expert Kate Upcraft is sharing practical support on changes to the national minimum wage regulations, current easements to benefits-in-kind for employees and CJRS compliance in an upcoming Tax Faculty webinar.
FACULTIES ONLINE TAX FACULTY TAX NEWS Tax news in brief
  • Mar 2021
Highlights from the broader tax news week ending 3 March, which includes: publication date of Finance Bill 2021, updated guidance on NICs and benefits in kind, latest fuel advisory rates and HMRC webinars for agents on off-payroll working and penalties for enabling tax.
INSIGHTS VIEWPOINT Are you planning a virtual Christmas party?
  • Oct 2020
Updated 20 November: Organisations wanting to provide some festive cheer for their staff this winter face some difficult challenges. ICAEW’s Tax Faculty outlines the tax considerations that employers will need to think about.
FACULTIES ONLINE TAX FACULTY TAX NEWS Finance Bill 2020-21: Legislation and consultations announced
  • Jul 2020
  • ICAEW Insights
The government publishes a selection of draft clauses together with consultations trailed at the Spring Budget. ICAEW’s Tax Faculty provides a roundup of the key tax developments.
Exclusive TAX FACULTY Breaking down Finance Bill 2020
  • Apr 2020
  • Lindsey Wicks
  • Taxline
Lindsey Wicks summarises the contents of Finance Bill 2020, which covers loan charges, pensions, chargeable gains and more.
Displaying 1-30 of 31 results

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